Both companies have offered their own versions of a Domains Protected Marks List (DPML) that allows brand owners to block certain trademarks from being registered across their top level domains. Thanks to the merger, brands will no longer have to purchase both Rightside’s and Donuts’ DPML; now they can just buy Donuts’ and it will cover all top level domains across the newly-merged portfolio.

That means the product covers around 240 top level domains.

It’s important to note that both companies have slightly different rules. Rightside upgraded its service earlier this year to cover premium domains and trademark variants. Customers who already have a Rightside block can continue to use its features during the block term.

Donuts has updated its website after acquiring Rightside (it looks like they mostly ported Rightside’s site), and there are a couple interesting things to note.

First of all, Matt Overman and Matt Delgado have made the move to Donuts. Overman is the Senior Vice President of Sales and Delgado is Executive Vice President of Registrar. These are the only two execs from Rightside that I recognize on Donuts’ Executive Team page.

Second, the headquarters address for Donuts is now Rightside’s old office in Kirkland rather than Donuts’ office in Bellevue. This makes sense given that Rightside’s office was much larger.

Rightside should no longer exist as a public company tomorrow morning.

Bruce Jaffe, CEO of Donuts

The sun has gone into hiding and a mist is falling in Seattle this morning, but executives at Rightside and Donuts won’t be getting much time outside anyway. They’ll be working to complete Donuts’ acquisition of its neighbor in Kirkland.

The tender offer for shares of Rightside (NASDAQ:NAME) expired at midnight this morning with 92% of shares tendered. That’s well above the 50% required for the acquisition to go through. The two companies are working today to complete the acquisition by tomorrow morning before the NASDAQ opens. This means that, barring any last minute hitches, Rightside will cease to be a publicly traded company tomorrow morning.

Donuts will now have about 240 top level domains in its stable, plus retail registrar Name.com and a large portfolio of .com domain names. It will be interesting to see if Donuts holds onto the non-TLD assets. Alas, as a private company, we won’t have as much insight into what the company does as we had with Rightside.

SEC filings show valuation of Rightside business and disclose deal value of registry services.

There are a couple interesting tidbits in SEC filings for Donuts acquisition of Rightside (NASDAQ:NAME) that are worth sharing as they could be important to companies in the domain name industry.

The first involves how much Donuts is actually paying for Rightside’s assets. The purchase price is $213 but Rightside has a lot of cash on hand after selling Enom and its half of NameJet to Tucows earlier this year. In fact, a draft of the acquisition agreement required Rightside to have $83 million of cash in hand at the expiration of the offer. While that number might have been negotiated again later, its inclusion in the tender statement suggests that’s about what the final number will be.

That means Donuts’ actual outlay for Rightside’s assets net of cash is about $130 million excluding deal costs of roughly $10 million. So the registry business (40 TLDs plus registry services), Name.com and the Aftermarket business (about 300k domain names and a parking business) were valued at $130 million.

The other figure is much smaller but might be relevant to domain registries. During the first five months of this year, Donuts paid Rightside $0.8 million for Rightside providing registry services for Donuts 200 top level domains. In the past couple of years the total deal value for this registry services agreement has been less than 1% of revenue, so likely in line with under $2 million per year.

Of course, Rightside and Donuts have always had a unique relationship given their partnership on new TLDs. Also, no other new TLD company has the scale of Donuts when it comes to number of TLDs. Still, this figure could give some indication of the current value of providing technical registry services.

By the way, Name.com’s wholesale fees paid to Donuts for selling Donuts new TLDs in the first five months of the year came in at $0.7 million.

There has been a bit of activity regarding Donuts acquisition of Rightside (NASDAQ:NAME).

Offer issued: The tender offer was issued on June 27 and is valid until July 26, 2017 at midnight, which means the deal could close shortly after that. Rightside just needs a majority of shares to be tendered in order for the deal to go through. Otherwise, the tender deadline can be extended.

Practically speaking, small shareholders don’t need to do anything. You’ll still get paid $10.60 for your shares even if you don’t tender, but the money will come a bit later. If you don’t tender you also keep appraisal rights.